PAYDEN & RYGEL INVESTMENT GROUP

CIK 0000885709 · Q2 2024

13F Equity AUM

$1.2T

-41.6% QoQ

Positions

122

-12 QoQ

AUM Rank

#21

Top 0.2%

Skill Alpha (FF)

—

Building track record (3q)

Quarters Tracked

~0 years

Portfolio Concentration

Top 5: 14.2%Top 10: 24.7%Top 20: 41.7%

AJG3.0%

JPM3.0%

QQQM2.8%

MSFT2.8%

XOM2.6%

MCK2.3%

WMT2.1%

NEE2.1%

AVGO2.1%

DUK1.9%

Others (112)75.3%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services20.9%

Technology13.3%

Industrials10.9%

Energy10.1%

Healthcare8.6%

Communication Services7.0%

Consumer Cyclical6.8%

Consumer Defensive6.6%

Other15.8%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 122Median: 0.78%Avg: 0.82%

0–0.5%

54(3.9%)

0.5–1%

15(11.8%)

1–3%

52(81.3%)

3–5%

1(3.0%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 120Unique: 2vs 20 funds

1.7%Low

122

Fund positions

7,200

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 10 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

2.3%

JPMORGAN CHASE & CO

2.6%

BANK OF AMERICA CORP /DE/

2.6%

BlackRock Inc.

FMR LLC

4.4%

BENJAMIN F. EDWARDS & COMPANY, INC.

5.6%

STATE STREET CORP

3.2%

GEODE CAPITAL MANAGEMENT, LLC

3.1%

VANGUARD GROUP INC

3.2%

PENSIOENFONDS RAIL & OV

5.3%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New6Increased22Decreased59Exited18

New Positions

SYK1.4%

+52K

ITT1.2%

+116K

AMT1.1%

+68K

AVB1.0%

+60K

ARES0.9%

+86K

VST0.5%

+70K

Increased

QQQM2.8%

+146K(+489%)

NEE2.1%

+134K(+58%)

CRH.L1.9%

+74K(+30%)

DUK1.9%

+71K(+42%)

DIS0.6%

+62K(+452%)

FIS1.5%

+54K(+28%)

ET1.8%

+51K(+4%)

ROST1.6%

+44K(+45%)

ACM1.4%

+39K(+24%)

PSX1.3%

+39K(+52%)

Decreased

CMCSA0.1%

-304,860(-94%)

WMT2.1%

-250,000(-39%)

PFE0.1%

-240,400(-89%)

IVW0.1%

-208,969(-94%)

BAC1.6%

-162,300(-26%)

DAL0.6%

-141,500(-46%)

WFC1.6%

-123,200(-27%)

NKE0.1%

-120,700(-92%)

IJH0.3%

-92,276(-58%)

KO1.2%

-87,100(-27%)

Exited

-58,650

-9,255

-46,896

-512,200

-133,500

-183,500

-138,000

-70,990

-53,470

-102,945

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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